COMMERCIAL

Otago Witness, Issue 2104, 21 June 1894, Page 24

COMMERCIAL

It is expected that 3000 tons of butter will be shipped to London from New South Wales next season. Stops are being taken also to develop the cheese trade. It is proposed to form a cheese export fund by levying pro mto, contributions on the factories throughout the country, on the same principle as with butter. It is recognised that cheese will have to be made, especially for the English market, on the Cheddar system. This will necessitate a considerable outlay in the introduction of machinery and other plant. It is therefore suggested that one single factory shall be fitted up with all the necessary appliances, and confine its attention to the export trade exclusively. The pro rata contributions will assist in defraying the cost of the erection of the machinery and any losses that might accrue in shipping, while the other factories which contribute towards this fund will reap the benefit of having the market relieved to some extent, and a consequent sustenance of local values. It is pointed out that the factories will thus be able to pay more for their milk, and the whole industry wiu be benefited.

The National Mortgage and Agency Company have the following advice, dated May 4, from the Shaw, Savill, and Albion Company re their sailers :— The Pleione is loading on the berth at Glasgow, and the /Crusader at Liverpool. The Oamaru and Helen Denny were expected to sail shortly for Wellington and Nelson respectively. The Pleiades is loading on the berth for Dunedin and Bluff, and the Nelson for Wellington. The manager of the Christchurch branch of the Bank of New Zealand states that the figures in the cable message referring to the bank's shares, which appeared in the papers on Monday, were not .correct. The quotations should be :— New Bsue £i, old issue £3 Mr R. B. Bennett, of Christchurch, agent for Messrs Henry S. Fitter and Sons, has received the following cablegram from the London office, dated 18th inst. :— " Canterbury mutton, 4d to 4Jd ; lamb, 4sd to 5Jd ; Wellington mutton, 3id to 3?d; lamb, 41d to 4Jd ; Australian sheep, 2Jd to 2|d ; beef— hinds 2&d to 3d, fores 2d to 2Jd."